India is well on track to meeting the renewable energy target of 175 GW (gigawatt) by 2022 and will raise it to 450 GW by 2030 with a view to ensuring a low carbon footprint as the world’s third largest oil consumer drives global energy demand, Prime Minister Narendra Modi said on Monday.
“We are well on track to meet the commitment we made to the global community. We had aimed to increase the renewable energy installed capacity by 175 GW by 2022. We have further extended this goal to 450 GW by 2030. India has one of the lowest carbon emissions than the rest of the industrialized world. Yet, we will continue to make efforts to fight climate change,” the PM said while inaugurating the fourth edition of the India Energy Forum-CERA Week.
Echoing recent outlooks from entities such as BP and International Energy Agency suggesting India as the major driver of energy demand, Modi said this growth will be based on the principle of ensuring “energy justice” while following global commitments for sustainable growth. “This means more energy to improve the lives of Indians. But, with a smaller carbon footprint.”
“India believes that access to energy must be affordable and reliable. That is when socio-economic transformations can take place.